Finance
In a NJ mortgage foreclosure proceeding, the mortgagee (lender) is required to go through:
AA quick non-judicial trustee's sale
BA judicial foreclosure action in NJ Superior Court✓ Correct
CAn arbitration process
DAn administrative hearing before the NJREC
Explanation
New Jersey is a judicial foreclosure state: lenders must file a lawsuit in NJ Superior Court to foreclose, making the process one of the longest in the country, often taking 3 or more years.
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